Tag Archives: office vacancies

David Madigan has just become president of Long Island’s newest commercial real estate company, Sperry Van Ness/Realty Three Advisors in Holbrook. Madigan joined Sperry Van Ness when he opened its first Long Island office last year after a 16-year career in real ...

Office vacancies on Long Island hit a nine-year high in the second quarter and rental activity dropped 15 percent year-over-year as the threat of additional foreclosures hampered a rebound for commercial real estate. Reports from Newmark Knight Frank and C.B. ...

The Long Island office vacancy rate rose to 18.5 percent at the end of the second quarter, higher than the national average of 14.8 percent and up from 17.6 percent at the end of March, according to a report from ...

After being flooded with sublease space in the last two years, the Long Island office market is still treading water. While there was a slight decrease in available office space in the first quarter this year, it hasn’t been enough ...

January 21, 2010Comments Off on LI office rents, occupancy lower in 2009

Despite a slight uptick in the last quarter, the Long Island office market slumped further in 2009, according to a report from Newmark Knight Frank. Average asking rents for office space dropped 2.3 percent from a year ago, settling at ...

Class A office vacancy rates in midtown Manhattan are approaching 15 percent, the highest levels in 15 years, according to a report from Jones Lang LaSalle. Vacancy rates in midtown had been as low as 7.2 percent in December 2007, ...

Cushman & Wakefield remains optimistic about the health of the Long Island commercial real estate market, according to its mid-year report. Despite a hazy economic outlook and slow residential sales, the local office market remained steady in the first half ...